Smarter Web Company Raise $10.7M Through Placing & Subscription
London-listed Smarter Web Company PLC (AQUIS: SWC; OTCQB: TSWCF), wey be technology and bitcoin treasury company, don complete placing and subscription, weh dem gather total $10.7 million (£8.1 million). The placing bring $6.9 million (£5.25 million) from one big institutional investor, while the remaining $3.8 million na from one rich person. Dis fundraising go strong the balance sheet of Smarter Web Company and support how dem go take grow plus run their bitcoin treasury operations.
Neutral
Even tho di Smarter Web Company raise $10.7 million through placing and subscription, weh fit make di company money strong and fit help dia bitcoin treasury work, di announcement no directly affect di market supply or demand of bitcoin. For history, news about company fund-raising usually get small interest for di company shares but e no get much effect on trading volumes and prices of cryptocurrency. For short time, traders no go react too much, and di longer market behavior go depend more on bigger bitcoin adoption and macro trends than dis one financing event.